Chorus Ltd Announces Final Dividend of $0.13 (ASX:CNU)

Chorus Ltd (ASX:CNU) announced a final dividend on Friday, September 13th, MarketIndexAU reports. Shareholders of record on Tuesday, October 8th will be given a dividend of 0.128 per share on Tuesday, October 8th. This represents a yield of 2.71%. The ex-dividend date is Monday, September 23rd.

CNU stock traded down A$0.06 ($0.04) during mid-day trading on Friday, reaching A$4.71 ($3.34). 345,331 shares of the stock traded hands, compared to its average volume of 615,646. The stock’s fifty day moving average is A$5.21 and its 200-day moving average is A$5.42. The company has a market cap of $2.07 billion and a P/E ratio of 41.32. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 319.61. Chorus has a 52-week low of A$4.21 ($2.99) and a 52-week high of A$6.07 ($4.30).

In other news, insider Mark Cross purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of A$5.10 ($3.62) per share, for a total transaction of A$25,500.00 ($18,085.11).

Chorus Company Profile

Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services over copper and fiber networks for residential and business customers; and very high speed digital subscriber line broadband services. The company also provides colocation services.

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